May 03, 2005

Get used to high prices at the petrol pumps

By Simon Louisson at the NZ Herald: "New Zealand Refining chief executive Thomas Zengerly reckons motorists will have to suck the syphon on higher petrol prices. 'We used to live in a world when we were used to prices of $US15-$20 a barrel, and we are in an adjustment process to a world that is pricing crude at $US45-$55 a barrel. This is a painful process.' "

This is one variable cost that is set to rise and rise...

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